Compare Silver Britannia Coin Prices

The UK silver bullion benchmark

The silver Britannia plays the same role for UK silver investors that the gold Britannia plays in gold: the standard, dealer-stocked, legal-tender coin combining mainstream liquidity with structural tax efficiency. Production at The Royal Mint's Llantrisant facility has run continuously since 1997, with the alloy upgraded from 958 fine (the historic 'Britannia silver' alloy) to 999 fine in 2013 to align with international bullion standards.

The silver tax position

Silver investing in the UK contends with 20% VAT on purchase — a charge investment gold avoids — which raises effective entry costs meaningfully. The silver Britannia partially offsets this with a feature most silver products lack: as UK legal tender (£2 face value), it qualifies for CGT exemption on disposal, the same exemption that applies to gold Britannias and gold Sovereigns. Silver bars of any origin carry the same VAT but never qualify for CGT exemption.

Specifications and security features

Modern silver Britannias are 999 fine, 1oz weight, 38.61mm diameter, with a £2 face value. Issues from 2021 incorporate the same security features as gold Britannias: micro-text edge lettering, latent imaging, surface animation and radial sunburst lines — all integrated into the strike rather than applied post-production.

Premium dynamics for UK buyers

Silver Britannia premiums typically run 25-40% over spot — meaningfully higher than 1kg silver bar premiums (8-15%). The CGT exemption only becomes valuable above the breakeven where 20% VAT and coin premium are recovered. For long-term silver holders, the trade-off favours coins; for short-term exposure, bars win on pure metal deployment.

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See all silver Britannias, 1oz silver Britannias, or CGT-exempt silver Britannias.